Ctera Networks Ltd. announced record results for 2023, driven by strong demand for its new AI-based ransomware protection.
Ctera Ransom Protect, which was awarded by GigaOm, provides zero-day protection vs. the wide-spreading attacks that were estimated to have inflicted $30 billion in total damage to organizations in 2023.
Ctera realized over 30% growth in ARR for its edge-to-cloud solutions. It also doubled its number of 7-figure deals in 2023, securing major contracts with state agencies, banking institutions, and global media groups, as well as expanding its presence in Asia, winning new customers in India, Australia, and Singapore.